Shares of retail and discretionary stocks are trading lower following softer-than-expected consumer sentiment data.
Portfolio Pulse from Benzinga Newsdesk
Shares of retail and discretionary stocks are trading lower following softer-than-expected consumer sentiment data.
June 14, 2024 | 7:54 pm
News sentiment analysis
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NEGATIVE IMPACT
Carvana (CVNA) shares are trading lower due to weaker consumer sentiment data, which may impact consumer spending on discretionary items like used cars.
Weaker consumer sentiment data suggests reduced consumer spending, negatively impacting discretionary purchases like used cars, which is Carvana's primary market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Floor & Decor (FND) shares are trading lower due to softer consumer sentiment data, which may lead to reduced spending on home improvement products.
Softer consumer sentiment data indicates potential declines in consumer spending on home improvement, affecting Floor & Decor's sales.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Haverty Furniture (HVT) shares are trading lower due to weaker consumer sentiment data, which may impact consumer spending on furniture.
Weaker consumer sentiment data suggests reduced consumer spending on discretionary items like furniture, negatively impacting Haverty Furniture's sales.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Lovesac (LOVE) shares are trading lower due to softer consumer sentiment data, which may lead to reduced spending on high-end furniture.
Softer consumer sentiment data indicates potential declines in consumer spending on high-end furniture, affecting Lovesac's sales.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ralph Lauren (RL) shares are trading lower due to weaker consumer sentiment data, which may impact consumer spending on luxury apparel.
Weaker consumer sentiment data suggests reduced consumer spending on luxury items like apparel, negatively impacting Ralph Lauren's sales.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Signet Jewelers (SIG) shares are trading lower due to softer consumer sentiment data, which may lead to reduced spending on jewelry.
Softer consumer sentiment data indicates potential declines in consumer spending on discretionary items like jewelry, affecting Signet Jewelers' sales.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80